The Abatement RegisterPecosAgreement 0002185
Texas Chapter 380 / 381 agreement · Pecos

Fort Blocks LLC

Agreement 0002185, filed with the Texas Comptroller by PECOS COUNTY, TEXAS.

50permanent jobs committed
100%of County ad valorem taxes abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Project by December 31, 2022.”Executed agreement, p. 4
“Developer agrees to create fifty (50) new Full-Time Equivalent Employment Positions”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“In the event Developer defaults and is unable or unwilling to cure said default within the prescribed time period, the aggregate total of all financial assistance provided by the County to Developer pursuant to Section 5 of this Agreement, shall become immediately due and payable by Developer to the County.”Executed agreement, p. 8

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · County ad valorem taxes · p. 6

What was abated, and for how long.

100%2023
100%2024
100%2025
100%2026
100%2027
100%2028
100%2029
100%2030
100%2031
100%2032
100%2033
100%2034
100%2035
100%2036

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyPECOS COUNTY, TEXASPECOS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”)1
Contracting entityFort Blocks LLCFort Blocks LLC, a subsidiary of Cormint Data Systems, Inc. (hereinafter referred to as the “Developer’’)1
Parent / guarantorCormint Data Systems, Inc.Fort Blocks LLC, a subsidiary of Cormint Data Systems, Inc.1
InstrumentProgram GrantProgram Grant or Program Grant Payment. The words “Program Grant” or “Program Grant Payment” mean the economic development grants paid by the County to Developer3
Governing chapterChapter 381, Local Government Code83 PAGES S PECOS COUNTY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered into by and between PECOS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”), and Fort Blocks LLC, a subsidiary of Cormint Data Systems, Inc.—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedfifty (50)Developer agrees to create fifty (50) new Full-Time Equivalent Employment Positions1
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreageapproximately 30 acreThe word “Property” means the approximately 30 acre tract or tracts of land in Pecos County, Texas3
Performance deadlineDecember 31, 2022Developer covenants and agrees to complete construction of the Project by December 31, 2022.4
ExpirationDecember 31, 2042shall continue thereafter until December 31, 2042, unless terminated sooner under the provisions hereof.2
Effective dateNot stated in the agreement—
SignatoryJamie McAvityJamie )McAvity, CEO14
Chain statusSuperseded by agreement 0009161—
How to check this page

Every line above is in the contract.

Agreement 0002185 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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